Digital currency exchange itBit has apppointed Daniel Alter as the company’s new general counsel and chief compliance officer.

Alter joins itBit after stepping down in February after three years as general counsel of the New York State Department of Financial Services (NYDFS), advising the department’s regulatory oversight of issues regarding state, national, and international banking, insurance, capital markets, real estate finance, and consumer protection issues. During his tenure, Alter also helped direct the agency’s initiatives in areas including anti-money laundering and international sanctions enforcement, virtual currencies regulation, reform for independent consulting firm practices and the global investigation into FX rate manipulation.

Prior to his time with the NYDFS, Alter served as senior advisor and special counsel to the New York State Attorney General co-directing an investigation into mortgage-backed securities fraud and working on telecommunications and anti-terrorism matters. Previously, Alter was director of the litigation risk strategies and ginance group at Credit Suisse, where he served as chief risk analyst.

Alter assumes the chief compliance officer role from Erik Wilgenhof Plante, who assumed the newly created position last year. Plante joined itBit from PayPal, where he oversaw all compliance matters for Southeast Asia. He's now chief compliance officer at BitX.